Actuarial Common Entrance Test (ACET)

The "Actuarial Common Entrance Test" (ACET) is an entrance exam for those who want to join as student members of the Institute of Actuaries of India (IAI) and plan to take & qualify in the various actuarial examinations conducted by the IAI. If you're already a member of the IAI, you are not required to take this entry exam and can continue to appear for the various actuarial examinations.

ACET is a computer based exam that will be conducted twice every year - in the months of June and December. The next ACET is scheduled to be held on 2 & 3 December, 2015.

Exam Pattern

ACET is a 2 hour exam and consists of multiple choice questions (MCQs) with one correct option for every question. Incorrect answers will result in negative marking worth half the marks. There will be 55 questions in total worth 100 marks. The break up of questions and marks is:

25 questions – 1 mark each

25 questions – 2 marks each

5 questions – 5 marks each

Application process

You can apply online for the exam on the official website of IAI: actuariesindia.org (click here to register for ACET). The registration fee (non-refundable) is Rs.3000 which includes the cost of the study material, ACET online exam and online tutorials. Payement can be made through credit/ debit card or internet banking.

After you register successfully, you will be able to access the study material from the IAI website. Within 10 days of registration, you will also receive a link via mail to access the online tutorials. (If not, please write to us at acet@actuariesindia.org or call at 022-67843304)

By 4 Nov, 2015 you will receive a mail from "ATTEST Testing Services Ltd" asking you to book your exam centre, choose an exam date (either 2 or 3 December) as well as a time slot for the exam.

Keep a printout of your hall-ticket (admit card) without which you won't be allowed in your exam centre.

Exam centres

ACET December 2015 will be conducted at 51 centres across 41 cities in India: